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Wall St up as weak GDP raises hope of slower rate hikes

The Dow Jones industrial average was up 51.23 points, or 0.32%, to 16,120.87

Traders work on the floor of the New York Stock Exchange

Traders work on the floor of the New York Stock Exchange

Reuters

US stocks opened higher on Friday after weak GDP data raised expectations that the U.S. Federal Reserve would go slow on future interest rate hikes.

The Dow Jones industrial average was up 51.23 points, or 0.32 percent, to 16,120.87; the S&P 500 rose 4.72 points, or 0.25 percent, to 1,898.08; and the Nasdaq Composite index gained 5.49 points, or 0.12 percent, to 4,512.17.

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First Published: Jan 29 2016 | 8:07 PM IST

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